It appears to not really try to reproduce a lightcycle experience at all, other than putting “wheel” circles on the train cars—I’d expect straight lines (above all, straight lines), sharp high-g turns, and near-misses with other vehicles, but instead, it’s just a curvy, relatively low-g roller coaster that adopts a Tron aesthetic. It looks like a brilliant execution of the aesthetic, though. It’s kind of a shame to so badly mismatch the expectation they set up by choosing to call it a lightcycle ride.

The folks involved in Tron 3 said that its production would depend on home video sales of Tron Legacy and the ratings of the Tron Uprising show. Tron Legacy did really well, and Tron Uprising was highly rated and won tons of awards, so Tron 3 was greenlit. But it was cancelled at literally the last minute, after sets were being built in Vancouver and preproduction was underway. Disney claims they never officially greenlit it, but the truth is likely that the Tomorrowland movie underperformed and Tron 3 was a casualty.